Investors & landlords

There's a screen during the interview that asks you about the sale of the MLP ("Enter Sale Information").  There are rows for sale price, selling expense, basis, and Ordinary Gain.  The Ordinary Gain row is where you enter the "Gain Subject to Recapture".  TT will then transfer it to Form 4797.

Note, you have to set Sale Price and Selling Expense to $0, and set the Basis to the inverse of whatever you enter for Ordinary Gain (e.g., if you have $43 for 'Regular', and $40 for AMT, you'd enter -43 and -40 for basis).  You do this to prevent TT from calculating any Cap Gain or Loss for this K-1. 

You report the Cap Gain by adjusting the cost that came to you on the 1099-B from your broker.  The correct cost will be the adjusted cost shown on your Sales Schedule + the Ord Gain.